Delays seen in large IPOs

Better bargains: A file picture shows a general view of electronic boards displaying stock movements at the local stock exchange. A banker says investors are shying away from the market and some of them reckon that they can find better companies whose shares have plummeted rather than take on new shares that generally demand higher valuations. – EPA

Mixed views on whether this is a long-term or short-term phenomenon

INDICATIONS in the market are that large initial public offerings (IPOs) in Malaysia are increasingly difficult to take off. However, there are differing views as to whether this is a long-term or short-term issue.